Highlights for the third quarter
- Kinnevik invested EUR 67m, corresponding to SEK 575m, into Rocket Internet as part of Rocket Internet's directed new share issue and maintained its 24% ownership.
Financial results for the third quarter
- The net asset value increased during the quarter by SEK 5,598m, and amounted to SEK 61,133m at the end of September, corresponding to SEK 220.44 per share.
- Out of the increase in net asset value, SEK 4,439m consisted of an increase in fair value of listed holdings and SEK 1,309m of an assessed change in fair value and dividends received from unlisted holdings, including a positive revaluation of Zalando of SEK 923m and Avito of SEK 220m.
- The Group's total revenue amounted to SEK 340m (410) and the net profit per share was SEK 20.36 (6.51).
- New investments amounted to SEK 592m, of which SEK 575m into Rocket Internet.
Financial results for the first nine months of the year
- The net asset value increased during the first nine months of the year by 4%, after paying a dividend of SEK 1,803m, to SEK 61,133m at the end of September.
- The Group's total revenue amounted to SEK 1,120m (1,061) and the net profit per share was SEK 15.16 (loss of 6.02).
- New investments amounted to SEK 2,033m, of which SEK 2,004m within Online.
Press release (http://hugin.info/1114/R/1737508/582570.pdf)
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Kinnevik via Thomson Reuters ONE
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Kinnevik via Thomson Reuters ONE
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